COPYRIGHTED MATERIAL
PROTECT WHAT YOU’VE EARNED
C H A P T E R 15
Learning Goals By the end of this chapter you will be able to: • List four common types of insurance essential to protecting wealth • Summarize the wealth protecting benefits of a homeowner’s insurance policy • Compare the benefits of an auto policy • Summarize the differences between an HMO and PPO • Tell how to avoid uncovered medical costs • Compare types of life insurance • (Opt.) Recognize the warning signs of identity theft, protect against, and recover from identity theft
PRODUCT PREVIEW
Q. What do these thing have in common? Tom Jones’ chest hair. Rihanna’s legs. America Ferrera’s smile. An alien invasion. This chapter continues with the topic of Protecting and Preserving Wealth. Insurance is an important tool for preserving and protecting wealth. Pretty much anything can be insured. There are companies that insure against risk of loss due to terrorist attacks, kidnapping ransom demands, earthquakes, floods — even aborted weddings (ever seen Runaway Bride ?) You guessed it — Tom Jones’ chest hair, Rihanna’s legs, America Ferrera’s smile, and potential losses from an alien invasion have all been insured. However, since this chapter is about basic insurance terms and concepts, we'll stick to exploring the types of insurance you are most likely to encounter in your life: homeowners, automobile, health, and life.
Chapter Resources: Building a life-long healthy lifestyle can have big financial pay off in your later years. Staying in shape and living healthy helps keep health insurance costs low which preserves and protects your wealth. Fitnessblender.com is a free website started by fitness experts with exercise videos, workout programs, healthy recipes, personalized workout calendars and all sorts of excellent fitness information.
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